Buying 1-2 years old and selling in 1-3 years time

[KhabibSmesh]

Is this just a stupid way to lose money? Circumstances may change at work in anywhere from 1-3 years time. Looking at buying a £20k car 1 year old seems like a decent way to potentially lose ~£8k in 2 years time.

As is the case I now see the appeal of leasing in certain circumstances. Don't want to turn into a lease thread but is my initial thinking true? It could potentially piss away a decent chunk of money?

[2 sMoKiN bArReLs]

When I buy a car I usually expect to burn £100 per week on depreciation. I'm seldom disappointed

[toastyhamster]

Most cars are depreciating assets, doesn't matter how you pay for them. Choose the method that suits you.

[raspy]

KhabibSmesh said:

Is this just a stupid way to lose money? Circumstances may change at work in anywhere from 1-3 years time. Looking at buying a £20k car 1 year old seems like a decent way to potentially lose ~£8k in 2 years time.

As is the case I now see the appeal of leasing in certain circumstances. Don't want to turn into a lease thread but is my initial thinking true? It could potentially piss away a decent chunk of money?

Buy a hybrid/PHEV or EV at 1 year old and chances are you will lose less money in 1-3 years time than the corresponding petrol/diesel versions of that car.